Founders Financial Securities LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Founders Financial Securities LLC bought a new stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 9,910 shares of the energy company’s stock, valued at approximately $242,000.

Several other institutional investors have also recently made changes to their positions in ARLP. Prevail Innovative Wealth Advisors LLC purchased a new position in Alliance Resource Partners in the first quarter valued at $3,566,000. Goldman Sachs Group Inc. raised its holdings in Alliance Resource Partners by 0.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 858,939 shares of the energy company’s stock worth $18,192,000 after purchasing an additional 7,870 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Alliance Resource Partners by 18.4% in the first quarter. J.W. Cole Advisors Inc. now owns 20,102 shares of the energy company’s stock valued at $403,000 after purchasing an additional 3,131 shares during the period. Commonwealth Equity Services LLC grew its holdings in Alliance Resource Partners by 36.5% in the first quarter. Commonwealth Equity Services LLC now owns 53,357 shares of the energy company’s stock valued at $1,070,000 after purchasing an additional 14,255 shares during the period. Finally, MONECO Advisors LLC purchased a new stake in shares of Alliance Resource Partners in the second quarter valued at approximately $230,000. 18.11% of the stock is owned by hedge funds and other institutional investors.

Alliance Resource Partners Trading Up 0.6 %

Shares of ARLP stock opened at $22.97 on Friday. Alliance Resource Partners, L.P. has a fifty-two week low of $18.32 and a fifty-two week high of $26.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The stock’s fifty day moving average is $24.26 and its two-hundred day moving average is $22.59. The firm has a market capitalization of $2.94 billion, a P/E ratio of 5.03 and a beta of 1.13.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. The business had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Research analysts expect that Alliance Resource Partners, L.P. will post 3.54 earnings per share for the current fiscal year.

Alliance Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.19%. The ex-dividend date of this dividend was Wednesday, August 7th. Alliance Resource Partners’s dividend payout ratio (DPR) is presently 61.27%.

Wall Street Analysts Forecast Growth

ARLP has been the topic of a number of research analyst reports. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark boosted their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th.

About Alliance Resource Partners

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.